MAG Insights

Announcements from the MAG & Featured Articles

Merchant Advisory Group CEO, Mark Horwedel, issued the following statement in response to Discover CEO David Nelms' endorsement of PIN authentication for EMV:

April 22, 2016

"Mr. Nelms is right on the mark that we're missing a big opportunity to improve consumer security by not putting PIN protections on EMV cards in the US, which is how chip cards are handled elsewhere around the world. PINs provide an important mechanism for businesses to authenticate cardholders when they make a purchase in-store or online, and would have protected many small and large businesses from the exorbitant EMV-related chargebacks they've seen since the October 1st US EMV liability shift. The merchant community applauds Discover for their approach to improved security and competition for EMV and the future of payments in the US."